Coronavirus: NFF to get $500,000 from FIFA to cushion effect of global pandemic
Coronavirus has forced all football activities to go on suspension – This is causing football associations across the globe to lose sponsorship money.
In view of this, FIFA has decided to share $150m among 211 member states with the NFF getting $500k Nigeria Football Federation will receive $500,000 (N195m) from the world football governing body FIFA as part of palliative measures put in place for member associations.
The global football apex body has reportedly concluded plans to share about $150 million among 211 member affiliations to help them cushion the effect of the hardship caused by coronavirus.
According to reports, the fund was part of FIFA’s operational funding for 2019 and 2020, and it was initially meant to be paid in July but they have moved it forward to bailout their members. NFF president Amaju Pinnick has now heaved a sigh of relief after learning about the intervention from the global organisation amid its stringent financial situation.
Coronavirus: Americans state sue China for causing ‘global pandemic’ PAY ATTENTION: Become a member of the leading sports Facebook group ‘Naija Football Fan’ Read’ It would the recalled that the country’s FA is in the middle of negotiating a new contract with the Super Eagles handler Gernot Rohr, whose stay in charge of the team expires in June.
“The pandemic has caused unprecedented challenges for the entire football community and, as the world governing body, it is FIFA’s duty to be there and support the ones that are facing acute needs,” FIFA president Gianni Infantino said on Friday.
“This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress.
“This is the first step of a far-reaching financial relief plan we are developing to respond to the emergency across the whole football community.
“Together with our stakeholders, we are we assessing the losses and we are working on the most appropriate and effective tools to implement the other stages of this relief plan.
“I would like to thank the chairpersons of the FIFA Development Committee, Shaikh Salman Bin Ebrahim Al Khalifa, and the FIFA Finance Committee, Alejandro Dominguez, for their commitment and urgent approval of these measures by their committees.”
Although that would not have happened without the help of the 30-year-old star who scored five goals and also ended up winning the tournament’s highest goals scorer gong.